Friday, September 19, 2008

Insanity Reigns

Over this past week or so we have seen the United States .gov acquire a very large share of the American financial market. The .gov now holds a majority stake in the banking, home mortgage and insurance markets. This is a turning point in our history, a time that our grandchildren are going to hold us accountable for allowing to happen.

Where is the outrage?

The Americans For Limited Government have been raising the clarion call. Dumb Looks Still Free shows us how we came to be in this predicament with Your friendly, authoritarian bailouts, give it a read.

When you watch the news, all is well in the world. The markets reacted positively to the news that the .gov has bought investments that no single entity in the private sector wanted, purchased at a premium.

This is insane.

4 comments:

chris horton said...

Yeah,well remember,as many don't seem to know....

WE are the gov't,it's OUR money paying for this crap.

Many are glad they "stepped in."

I would have personally left it go,sooner or later the wheels HAVE to come off....

Brigid said...

That's OUR trillions that were committed. The fact that some big names in government including someone running for office had some of their own financial liability tied up in this mess, I'm sure had NOTHING to do with the decision.

catfish said...

Sucks, don't it?

Ride Fast said...

A trillion here, a trillion there, pretty soon your talking all the money.

Stop the world, I want to get off.